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For years, the 80% rule has served as a cornerstone in retirement planning, dictating that you’ll require 80% of your pre-retirement income to sustain your lifestyle...
Navigating the intricacies of Social Security can be akin to deciphering a complex code for many individuals, particularly federal workers. One crucial aspect often shrouded in...
When preparing for federal retirement, overlooking the accuracy of your Official Personnel Folder (OPF) until the eleventh hour can prove to be a critical error. The...
As your FERS retirement date approaches, it’s crucial to grasp how your account is managed once the TSP receives notification of your separation from service. From...
If retirement is on the horizon within the next five years, it’s time to embark on a critical self-assessment. Considerations such as eligibility for an immediate...
While it might seem convenient to utilize a pre-made Last Will and Testament form, such generic documents may not adhere to the specific legal requirements of...
In Social Security’s 2023 annual report, a forecast emerged indicating that the program’s surplus could be depleted by 2035 if no governmental interventions are implemented. While...
As individuals approach the culmination of their federal careers, the emphasis often shifts towards maximizing savings within their Thrift Savings Plan (TSP). However, alongside this focus,...
Embarking on the journey of retirement often comes with apprehension, particularly for federal retirees who fear the prospect of exhausting their savings prematurely. However, by employing...
Making informed decisions is key as you approach retirement under FERS. Here are the five major decisions you’ll need to tackle: 1. When to Retire Your...
Retirement planning starts long before you’re ready to head off into the sunset and enjoy your golden years. In fact,...
Divorce can shake up your Thrift Savings Plan (TSP), the retirement savings vehicle for federal employees. If you’re splitting up,...
According to 2024 data from the Federal Retirement Thrift Investment Board, the typical 60-year-old federal employee’s Thrift Savings Plan (TSP)...
Voluntary Retirement – Immediate Unreduced Annuity Requirement: Eligible for the retiree annuity supplement if you’re under 62You can carry your...
Federal Employees Retirement System (FERS) employees may be eligible for Discontinued Service Retirement (DSR) under certain circumstances, primarily when they...
If you leave your government job before reaching retirement eligibility, you have two main options regarding your FERS contributions: Refund...
On February 11, President Trump signed an Executive Order directing federal agencies to implement the Department of Government Efficiency’s workforce...
A federal judge on Monday extended his injunction preventing the Trump administration from implementing its contentious “deferred resignations” program, just...
The Office of Personnel Management (OPM) has granted federal agencies the authority to offer voluntary early retirement (VERA) alongside the...
Throughout your federal career, your Thrift Savings Plan (TSP) balance is likely to grow into a significant asset. With its...